Oil resumes losing ways, slides nearly 5% as growth outlook dims

Crude-oil futures settled sharply lower Tuesday as investors weighed a batch of downbeat views on global economic growth, including news that China’s economy expanded at its slowest pace in decades.

Crude futures for delivery in February CLG5, -5.26%  fell $2.30, or 4.7%, to end at $46.39 a barrel.

March Brent crude LCOH5, +0.77%  also succumbed to sellers, falling 85 cents, or 1.7%, to settle at $47.99 a barrel.

Current Market Update

Here are the latest trading levels for Asia's major stock markets: 

Tokyo (Nikkei Average NIK, -0.66% ) down 0.9% 

 Hong Kong (Hang Seng Index HSI, +1.30% ) up 1.2% 

 Shanghai (Shanghai Composite Index SHCOMP, +2.23% ) up 2.2% (at break) 

 Sydney (S&P/ASX 200 XJO, +1.34% ) up 1.3% 

 Seoul (Kospi SEU, -0.17% ) down 0.2%

 Mumbai (Sensex 1, +0.55% ) up 0.2% 

 Taipei (Taiex Y9999, +0.49% ) up 0.4%

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KLSE Malaysia Opening Market Update

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MALAYSIA share prices opened higher on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.45 points to 1752.90
Volume was 34.16 million lots worth RM11.62 million.

Gainers outnumbered losers 78 to 35.

Market Closing Update

MALAYSIAN shares ended lower on Tuesday with the Kuala Lumpur Composite Index slipping 3.2 points to close at 1,750.11.

Some 2.05 billion lots, valued at RM2.02 billion were traded. Gainers numbered 418 while losers numbered 391.

Dollar passes ¥118 as Asian stock markets climb

The dollar climbed 0.5% against the yen in Asian trade Tuesday, as diminished risk aversion led to a rise in Asian stocks and prompted investors to exit the perceived safety of the Japanese currency.

The dollar USDJPY, +0.76%  was at ¥118.39 compared with ¥117.57 late Monday in North America.

The euro EURUSD, -0.22%  was at $1.1575 from $1.1608 and at ¥136.83 from ¥136.07. Against the Swiss franc EURCHF, -0.08%  , the euro was steady but still not far off parity, at 1.0206 francs. 

The dollar USDCHF, +0.11%  was also little changed against the Swiss currency, around 0.8813 francs.

The WSJ Dollar Index BUXX, +0.32%  , a measure of the dollar against a basket of major currencies, was up 0.32% at 84.14.